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1
Q

What is the purpose of period interval 3 in open and closed periods?

A

For posting from CO to FI

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2
Q

Which values can you define as prerequisites for triggering the general journal workflow 3

A

Cost Center
Account Group
Source Company Code

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3
Q

What do you define when creating a new document type? 2

A

Account types allowed for posting
Number range for the document type

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4
Q

Which deployment to recommend customers for latest release

A

Cloud

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5
Q

Which business scenarios can be handled with accrual and deferral postings?

A

One-time payment for one-year cloud

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6
Q

How to identify an asset as in under constrution?

A

Belongs to a specific asset class

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7
Q

What can you assign in a depreciation area in asset accounting?

A

An accounting principle

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8
Q

Which of the options are types of user fields? 2

A

Evaluation Group
Asset Super Number

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9
Q

Which describes a profit center? 2

A

It is an element for which separate balance sheet and PL statements can be created
It is the only object from which segments can be uniformly derived

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10
Q

Customer wants document numbers for two separate document types to have the same range. How?

A

Enter the same document number range in the customizing definition of both document types

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11
Q

What do you define for a tax code? 2

A

Valid tax types
Tax percentage rates

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12
Q

Which of the following assignments can be adjusted for company code? 3

A

Chart of Accounts
Company
Fiscal Year Variant

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13
Q

Customer operates 20 company codes…

A

1

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14
Q

Criteria that usually differentiate between document change rules 2

A

Account type
Company Code

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15
Q

With automatic clearing program, a user can clear 2

A

General ledger
Subledger Accounts

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16
Q

Which of the following statements is correct for external number assignment

A

The number is entered by the user

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17
Q

Identify callup points for FI 3

A

Complete Document
Document Line
Document Header

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18
Q

Which organization unit level to define a chart of depreciation

A

Client

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19
Q

Which of the following lists support dunning clerks work 3

A

The blocked Accounts list
The dunning list
The dunning history list

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20
Q

Which field in the BP master can you configure so that document reference is transfered to the line item?

A

Sort key

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21
Q

You have to run the foreign currency for both US GAAP and IFRS, which leads to different accounting principles, how to set up?

A

Define two valuation areas and two accounting principles with relevant links to ledgers

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22
Q

Which of the following parameters are controlled by the screen layout 3

A

Field Selection
Maintenance level
Reference

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23
Q

Maximum steps in validation

A

999

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24
Q

Which date defines the period a document is posted to

A

Posting date

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25
Which data can you edit in the payment proposal 3
Payment block House bank Cash discount
26
What information is updated in invoice when you post complete payment 2
Clearing document number Clearing date
27
Which of the following are valid settlement receivers for an asset under construction 2
Fixed Asset Cost Center
28
Which fields in the company code definition are required 2
Field status group Accounting Currency
29
Differentiating factor of posting a manual accrual document to manual transactions
Reversal reason
30
Which fields of a FI document influence automatic payment program 3
Payment block Payment term Payment method
31
T/F: In an environment of systems using SAP you can perform both OLAP and OLTP without duplication
True
32
Which configuration can you use to define separate payment terms for the same terms key
Day Limit
33
You negotiated payment terms in three instalments with customer. How many you define?
4
34
Which reporting tools are available in embedded analytics 2
KPI modelling apps Query browser
35
What data do you maintain in COA of a general ledger
Consolidation data
36
What does document splitting do
It enriches all relevant balance sheet account line with defined splitting characteristics
37
You report financial values for 3 separate accounting principles. You post an acquisition for an asset capitalized in a single accounting principle. How many documents will it post?
2
38
What is the secondary cost general ledger account used for?
To post internal cost allocations in management accounting
39
You receive a payment for an invoice that is smaller than the owed amount. How can you manage payment differences in Post Incoming Payments app? 2
Residual Item Partial Payment
40
When you post payment for an invoice, how does the system derive the splitting characteristics?
Passive document Splitting
41
At what level is the bank master data stored?
Client Level
42
How can you post accruals? 3
Use the recurring entry program Post manually at the end of a period, quarter or year Execute the periodic accrual run
43
What should you check if the balance of GR/IR account is not zero at the purchase order? 2
Check to see if the goods were delivered by the key date, but have not yet been invoiced. Check to see if the goods were invoiced by the key date, but have not yet been delivered.
44
A customer uses a posting period variant with special periods, and you need to allow specific users to post in these special periods. What do you assign?
An authorization group to period intervals 1 and 2
45
During which actions does the system assign the document number for FI? 2
Post Park
46
Which field status has lowest priority?
Optional Entry
47
You have been asked to set up house banks. What information do you need? 3
General ledger account Company Code Bank master data
48
Which of the product lines is more for HR?
SAP SuccessFactors
49
Which elements define the integration of asset acquisitions 2
Depreciation area Asset class
50
For which of the following can you park documents? 2
Customer accounts General ledger accounts
51
Cleared items contain which of the following info?
Clearing date Clearing document number
52
How does the SAP architecture improve system performance?
SAP organizes data in line item tables and can aggregate data from these line item tables at runtime.
53
Which data sections are part of every asset class? 2
Depreciation data section Master data section
54
What steps are required to create a substitution in financial accounting? 3
Define the substitution rule with its different steps using the formula editor Choose the area of application GL Activate the substitution rule
55
Which standard correspondence types can be used to exchange information with customers and suppliers? 2
Dunning Letters Payment notices
56
How does the system behave when an invoice is processed as residual payment?
The original document and payment are cleared
57
Which program is used to enter accruals and deferrals?
Recurring entry program
58
Which of the following objects are relevant to the dunning program configuration? 3
Expenses or charges Minimum amounts Dunning levels
59
Which field can you change on a posted invoice?
Payment terms
60
You have a debit amount of 50 and credit amount of 80. How is this shown in balance sheet
The balance is shown on the assets side
61
The dunning run is made of 3 main steps. What's the sequence?
Account selection Dun line items Dun Account
62
A customer payment was received. An open item does NOT exist for the payment. How can you post it?
Post payment on account
63
What is the name of the leading ledger
0L
64
You have mistakenly created a business partner with the wrong category. How to correct?
Create a new BP in the right category.
65
Which deployment options exist? 3
Cloud deployment Hybrid deployment On-premise deployment
66
On which level is the document parking workflow variant assigned?
Company Code
67
A BP is both customer and supplier. The customer has a sizeable unpaid. How to do this in payment program
Assign a payment block in the supplier business partner role details
68
Customer wants to use data agin for the universal journal. Which criteria can you use to decide which data is moved to the historical partition? 2
Document type Account type
69
What are the reasons to perform regrouping of receivables and payables? 3
To group payables and receivables based on due dates. To align amounts on accounts with changed reconciliation accounts To display receivables and payables separately.
70
You agreed to terms of payment with a BP that is customer and supplier. You defined a new terms of payment key, but then trying to update the supplier you don't find the payment term. What to do?
Maintain the account type in the terms of payment
71
Which point is the down payment request created in the integrated down payment process with purchasing?
Purchase order
72
Which of the following functions include the important functions of the SAP list viewer tool? 3
Setting filters Calculating totals and subtotals Deleting and inserting column
73
What is the correct order of steps when you use the SAP closing cockpit?
Create template Create tasks Define dependencies Create task list Release task list
74
What object determines the number range for business partner master data?
Business partner grouping
75
On which levels can you maintain field status controls for BP? 3
BP Role BP type Client
76
Which transactions lead to asset capitalization? 3
Assets under construction settlement Intracompany transfer Valuated goods receipt
77
The managerial closing activities include locking the old accounting period. T/F?
True
78
For which special G/L indicator do you specify a target special indicator?
Vendor down payment request
79
A vendor is also a customer. The payment program has to clear open items. Which setting has to be maintained in BP?
The account link
80
How can you set up multiple valuations for transfer pricing in the SAP system? 2
You can assign each valuation to a separate ledger You can assign profit center, group, and legal valuations to the same ledger.

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